CBS CEO: Aereo ruling a 'terrific victory'

CBS CEO Leslie Moonves shares his view of the U.S. Supreme Court's Aereo ruling, saying "we're not against our content in the cloud as long as we're getting paid for it." Moonves discusses Aereo's business model.

The U.S. Supreme Court ruling on Wednesday against Aereo was a very "pro-consumer thing" and a "terrific victory" for content providers, CBS CEO Leslie Moonves said on CNBC's "Fast Money: Halftime Report."

Even if Aereo paid CBS a fee for retransmission of the network's programming over the Internet, Moonves said on Wednesday that his company would have to evaluate the plans before working with them.

Adam Jeffery | CNBC

Les Moonves, president and chief executive officer of CBS Corp.

"We would have to look at it as each new technology comes along—be it satellite, be it [telecommunications]—we've always found a way to do business with them," he said, citing companies such as Netflix.

"I think the argument that Aereo made that this was against cloud computing was totally erroneous, and I'm glad the Supreme Court realized that," he said. We're not against things going on the cloud, we're just against not getting paid for it, and people illegally taking our content. This is a terrific victory for anybody who is involved in the content business."

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CBS CEO Leslie Moonves discusses the likelihood of consolidation in the content provider industry, and the state of CBS' business.

With network deals such as AT&T's proposed merger with DirecTV on the horizon, Moonves was not worried about continued distribution. "Our job is to provide the top content," he said.